We introduce a novel simulated certainty equivalent approximation (SCEQ) method for solving dynamic stochastic problems. Our examples show that SCEQ can quickly solve high-dimensional finite- or infinite-horizon, stationary or non- stationary dynamic stochastic problems with hundreds of state...

In dem Beitrag erfolgt eine Analyse der Erreichbarkeit von Arbeitsplätzen in Schleswig-Holstein anhand verschiedener Messkonzepte. Die Untersuchung basiert auf einer Diplomarbeit, die am Institut für Regionalforschung der Christian-Albrechts-Universität zu Kiel entstanden ist. Die für die...

This note considers a linear programming formulation of the problem of the firm. A neoclassical non-increasing labour demand function is derived from the solution of the linear program. Only a set of measure zero on this function, one or two points in the examples examined, provides equilibria...